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KAMINAK GOLD CORPORATION V.KAM

Metals & Mining Gold
"Kaminak Gold Corp was incorporated on July 4, 2005 under the Business Corporations Act (British Columbia). The Company is an exploration stage company. It focuses on the acquisition, exploration and development of economic gold and other precious and base metal properties. The projects of the Company include Michigan Potash Project, Michigan. The Company is interested in exploration properties in Canada and the United States."


TSXV:KAM - Post by User

KAMINAK GOLD CORPORATION
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Comment by Goldwoodon Nov 01, 2012 12:48pm
297 Views
Post# 20550485

RE: RE: RE: RE: mine or sell

RE: RE: RE: RE: mine or sell

The recent takeover of fellow Canadian company Prodigy Gold was valued at $45/oz. Assuming logical and rational markets (haha), at our current market cap KAM is going to need to come up with about 3.2 million ounces just to hold steady.

If we get valued similar to Galway at $200/oz then we'd only need 745,000 ounces.

The equilibrium likely lies somewhere in the middle.

 

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